New Downtown, Singapore, with Marina Bay in the middle https://commons.wikimedia.org/wiki/File:Marina_Bay_Sands_Panorama.jpg Vicsandtheworld
The New Downtown is as new urban district being developed by the Urban Redevelopment Authority. Launch by the Minster for National Development, Mr Lim Hng Kiang, at Raffles City on 20 August, 1996, it is being developed out of reclaimed land that was once the sea.
Marina Bay separates it from the existing Central Business District, providing opportunity to create new waterfont space between the existing and new parts of the city. Occupying some 360 hectares, the New Downtown offers ample are to meet the business and financial demands of Singapore.
The New Downtown comprises four neighbourhoods namely Central, Bayfront, Marina South and Straits View. These are under various phases of development. The URA estimates that the New Downtown development will add some 2.6 million sq m of prime office space to the city.
This influx of space in the New Downtown will help to keep office rental rates in check and prevent a lack of office space that will affect the economic growth of the country. The growth of office space is carefully planned to also prevent over supply.
In addition to office space, some 26,000 residential units are planned for the New Downtown area. These are mostly upscale in nature, in keeping with the high retail value of the land in the area. The upmarket properties of the New Downtown enjoys proximity to recreational sites around Marina Bay, with its waterfront and parks, which will form a new playground for the nation.
Reflecting Pool at the Artscience Museum in Marina Bay, New Downtown of Singapore https://commons.wikimedia.org/wiki/File:ArtScience_Museum,_overlooking_Marina_Bay_Hotels,_Singapore_Flyer_and_the_Helix_Bridge.jpg William Cho
In order to ensure smooth traffic movement in and out of the New Downtown, public infrastructure into the area is being enhance. This includes the construction of the Marina Coastal Expressway as well as the new Downtown Line, which will add a few more MRT Stations to the area.
To expedite pedestrian traffic in the New Downtown, a two-storey travellator system is also being built to supplement a network of subterranean pedestrian links and walkways.
Dear visitor, thank you so much for reading this page. My name is Timothy Tye and my hobby is to find out about places, write about them and share the information with you on this website. I have been writing this site since 5 January 2003. Originally (from 2003 until 2009, the site was called AsiaExplorers. I changed the name to Penang Travel Tips in 2009, even though I describe more than just Penang but everywhere I go (I often need to tell people that "Penang Travel Tips" is not just information about Penang, but information written in Penang), especially places in Malaysia and Singapore, and in all the years since 2003, I have described over 20,000 places.
While I try my best to provide you information as accurate as I can get it to be, I do apologize for any errors and for outdated information which I am unaware. Nevertheless, I hope that what I have described here will be useful to you.